Short Interest in Telstra Group Limited (OTCMKTS:TLGPY) Declines By 85.7%

Telstra Group Limited (OTCMKTS:TLGPY) saw a significant decline in short interest in October. As of October 31st, there was short interest totalling 7,600 shares, a decline of 85.7% from the October 15th total of 53,100 shares. Based on an average trading volume of 52,000 shares, the short-interest ratio is currently 0.1 days.

Telstra Group Stock Performance

Shares of Telstra Group stock traded down $0.16 on Wednesday, hitting $12.65. The company had a trading volume of 40,863 shares, compared to its average volume of 41,257. Telstra Group has a 1 year low of $11.19 and a 1 year high of $13.90. The stock has a 50 day moving average of $13.17 and a 200-day moving average of $12.67.

Telstra Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, August 29th were paid a $0.2778 dividend. This is a positive change from Telstra Group’s previous dividend of $0.27. The ex-dividend date of this dividend was Thursday, August 29th.

About Telstra Group

Telstra Group Limited engages in the provision of telecommunications and information services to businesses, government, and individuals in Australia and internationally. It operates through six segments: Telstra Consumer; Telstra Business; Telstra Enterprise Australia; Telstra International; Networks, IT and Products; and Telstra InfraCo The company offers telecommunication and technology products and services to consumer and small and medium business customers using mobile and fixed network technologies, as well as operates call centers, retail stores, a dealership network, digital channels, distribution systems, and Telstra Plus customer loyalty program.